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Explain Why It Is Wrong To Walk Away From Mortage

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Explain Why It Is Wrong To Walk Away From Mortage
I think that it is wrong to walk away from your mortage if you are able to pay it. I can see why other people would think it is ok. First of all it might make financial sense in the short term, banks account for this, and after all the bank does get your house. However I still think that it is wrong to walk away from your mortage if you are able to pay. I understand if their cirmcumstances hinder their ability to pay their loan. For example if someone becomes severely ill and is unable to work or if someone lost a job. I think it is wrong because when you sign a contract you are promising to pay. It does not matter if it is not convienent for you to pay your loan off anymore. You are obligated to pay the loan because you signed a contract.
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